CHICAGO–(BUSINESS WIRE)–Equity Commonwealth (NYSE: EQC) today announced that it is calling its
5.875% Senior Unsecured Notes due September 15, 2020 (the “Notes”) for
redemption on June 28, 2019 (the “Redemption Date”). The Notes will be
redeemed for cash at a price equal to 100% of the principal amount of
the Notes, plus accrued and unpaid interest up to, but excluding, the
Redemption Date, and the make-whole amount (the “Redemption Price”). The
aggregate principal outstanding on the Notes is $250,000,000.
From the Redemption Date forward, the Notes will no longer be deemed
outstanding, interest will no longer accrue, and holders will have no
rights other than the right to receive the Redemption Price, without
interest, upon surrender of the Notes. Payment of the Redemption Price
will be made only upon presentation and surrender of the Notes to U.S.
Bank, National Association, the trustee and paying agent, during its
business hours at the address specified in the Notice of Redemption. The
Notice of Redemption will be mailed to holders of the Notes on
Wednesday, May 29, 2019. Questions regarding the Notice of Redemption
should be directed to U.S. Bank, National Association, Corporate Trust
Services at 800-934-6802.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed
and self-advised real estate investment trust (REIT) with commercial
office properties in the United States. As of April 29, 2019, EQC’s
portfolio comprised 8 properties and 3.6 million square feet.
Regulation FD Disclosures
We intend to use any of the following to comply with our disclosure
obligations under Regulation FD: press releases, SEC filings, public
conference calls, or our website. We routinely post important
information on our website at www.eqcre.com,
including information that may be deemed to be material. We encourage
investors and others interested in the company to monitor these
distribution channels for material disclosures.
Forward-Looking Statements
Some of the statements contained in this press release constitute
forward-looking statements within the meaning of the federal securities
laws including, but not limited to, statements pertaining to the future
redemption of unsecured notes. Any forward-looking statements contained
in this press release are intended to be made pursuant to the safe
harbor provisions of Section 21E of the Securities Exchange Act of 1934,
as amended. Forward-looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or trends
and similar expressions concerning matters that are not historical
facts. In some cases, you can identify forward-looking statements by the
use of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,”
“predicts,” or “potential” or the negative of these words and phrases or
similar words or phrases which are predictions of or indicate future
events or trends and which do not relate solely to historical matters.
You can also identify forward-looking statements by discussions of
strategy, plans or intentions.
The forward-looking statements contained in this press release reflect
the company’s current views about future events and are subject to
numerous known and unknown risks, uncertainties, assumptions and changes
in circumstances that may cause the company’s actual results to differ
significantly from those expressed in any forward-looking statement. We
do not guarantee that the transactions and events described will happen
as described (or that they will happen at all). We disclaim any
obligation to publicly update or revise any forward-looking statement to
reflect changes in underlying assumptions or factors, of new
information, data or methods, future events or other changes. For a
further discussion of these and other factors that could cause the
company’s future results to differ materially from any forward-looking
statements, see the section entitled “Risk Factors” in the company’s
Annual Report on Form 10-K for the year ended December 31, 2018.
Contacts
Sarah Byrnes, Investor Relations
(312) 646-2801
www.eqcre.com
